It’s been 10 years since Iceland’s economy crashed, but Asthildur Thorsdottir and her husband Hafthor Olafsson are still struggling with crippling debt and an uphill legal battle to save their family home. After taking out what would end up being a toxic loan, the parents of two now adult sons have lived under the threat…
Debt-ridden young people in Coventry are declaring themselves insolvent before they reach their mid-twenties, it has been revealed. New data shows a total of 527 people in the city either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017. Of those, 34…
Fashion designer Lisa Ho, pictured at Waverley Local Court in 2017, had money stolen by Hamish McLaren. Photo: Jessica Hromas The renowned designer was introduced to McLaren through her ex-husband in late 2011 and paid him $850,000 of her superannuation with the expectation he would invest it. McLaren deposited $100,000 with a now-bankrupt investment company…
A JOINT fraud complaint to Queensland Police has alleged that one of Australia’s top four banks exposed 600 small businesses to $30 million in losses to allow it to recover more than $18 million it was owed by a failing builder. The complaint by two Sunshine Coast small business men, which is supported by NAB…
Lyndon Porretta, 47, from Newport was a carpenter, who held management positions in a number of joinery installation companies. In 2000, Lyndon Porretta set up Kruz Developments Ltd (Kruz) after he spotted a gap in the market caused by increasing demand for disability access. The company provided installation services to clients such as rehabilitation centres,…
Debt-ridden young people in Kirklees are declaring themselves insolvent before they reach their mid-twenties. New data shows a total of 821 people in the borough either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017. Of those, 44 were aged under 25.…
People in Plymouth are among the most likely in the country to become insolvent, new figures have revealed. A total of 851 people in the city either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017. That works out as one insolvency…
It was a tale of three murders but only one victim and a bitter falling out between a father and daughter. Tiffany Yiting Wan and her Singapore-based father, Ah Ping Ban, had been on the same page when they told detectives they had no idea who had killed their mother and former wife Annabelle Chen.…
Executives whose pensions were slashed after an UK industry lifeboat fund took over payment of their company benefits are to receive an income boost following a landmark European Court ruling. On Thursday, the European Court of Justice upheld a challenge lodged by a UK pensioner whose retirement income was cut by two-thirds when his company…
When Andrew Fastow, the former chief financial officer of Enron, finishes a public-speaking gig these days, a dozen or so people from the audience are typically waiting to talk to him. Some ask about his role in the scandal that brought down the energy company. Others want to know about his six years in prison.…